Why Budgeting Fails

6 Principles of an advanced system that optimizes budgeting and supports strategy execution.

Budgeting fails because....

It's inefficient, ages too quickly, and is out of sync with the strategic plan. “No wonder so many executives hate toiling over the annual budget”, says Peter Horvath, Europe's leading authority on management accounting, controlling, and budgeting.

In this white paper, Horvath and his associate Dr. Ralf Sauter describe six ways to fix budgeting, including integrating it with the Balanced Scorecard, to support strategy execution in today's fast-changing environment.